Updated Dec 21, 2023
Jordan Real Estate Sells Single Family Home In Nantucket, MA For $7.75M
3 Sherburne Turnpike, Nantucket, MA 02554, USA
$7,750,000
$1,755/SF
Building Size
4,416 SF
Asset Type
Single Family Residence
Closing
Oct 11, 2020
About this deal
AI
The single-family property located at 3 Sherburne Tpke. in Nantucket, MA, was recently sold for $7,750,000. With a total area of 4,416 square feet, the property was sold at an average price per square foot of $1,755.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,750,000
- Address: 3 Sherburne Tpke., Nantucket, MA
- Market: Nantucket, MA
- Broker: Michele Kelsey – Jordan Real Estate
The sale of this property marks a significant transaction in the Nantucket real estate market. Michele Kelsey of Jordan Real Estate represented the parties involved in this deal. The transaction highlights the continued demand for high-end single-family homes in the area.
Players
Nantucket Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $7.8M for 4,416 square feet (2020).
Visit Michele Kelsey to view all their deals.
Browse Massachusetts single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93